KARACHI, May 9 (Reuters) - Pakistan's stocks closed higher
on Thursday, powered by substantial foreign flows, dealers said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.97 percent, or 188.91 points, higher at
Muslim Commercial Bank Ltd led the rally, climbing
5 percent to 237.56 rupees. Engro Corporation Ltd,
which was up 1.63 percent to 139.25 rupees.
In the currency market, the rupee ended at
98.37/98.43 against the dollar, stronger than Wednesday's close
Overnight rates in the money market rose to 9.40 percent
from Wednesday's close of 7 percent.
(Compiled by the Karachi newsroom)